White Americans' Hold on Wealth Is Old, Deep, and Nearly Unshakeable

White families quickly recuperated financial losses after the Civil War, then created a Jim Crow credit system.
Prison cells

The Economic Origins of Mass Incarceration

Everything you knew about mass incarceration is wrong.

Reviving the General Strike

Organizers seeking to spark far-reaching work stoppages in the United States can invoke a powerful fact: It has happened before.

How Slavery Shaped American Capitalism

The New York Times is right that slavery made a major contribution to capitalist development in the United States — just not in the way they imagine.

The Rich Can't Get Richer Forever, Can They?

Inequality comes in waves. The question is when this one will break.

State of the Unions

What happened to America’s labor movement?

"Poor Whites Have Been Written out of History for a Very Political Reason"

For generations, Southern white elites have been terrified of poor whites and black workers joining hands.
Milton Friedman.

Milton Friedman Was Wrong

The famed economist’s “shareholder theory” provides corporations with too much room to violate consumers’ rights and trust.

Bitcoin Dreams

The pitfalls and the potential of cryptocurrency are explored in three recent publications.

The Boycott’s Abolitionist Roots

How a group of 19th-century Quakers cut their economic ties to slavery.

The Great Land Robbery

The shameful story of how 1 million black families have been ripped from their farms.
Sketches of soldiers on the cover of "Bodies In Blue."

Civil War Disability in the Light and the Dark

Beyond the "casualty numbers and bloodshed," a new history takes into account the "social and structural issues" of disability among soldiers and veterans.

The Credo Company

A shocking story about the biggest company in the US's most profitable industry.

American Wealth Is Broken

My family is a success story. We’re also evidence of the long odds African Americans face on the path to success.
partner

How African American Land Was Stolen in the 20th Century

Between 1910 and 1997, black farmers lost about 90% of the land they owned.
Bank of England.

The Invention of Money

In three centuries, the heresies of two bankers became the basis of our modern economy.

The Racist History of Tipping

Employers pay tipped workers $2.13 an hour. Why? Reconstruction-era racial discrimination.

While NASA Was Landing on the Moon, Many African-Americans Sought Economic Justice Instead

The billions spent on the Apollo program, no matter how inspiring the mission, laid bare the nation's priorities.
Big League Chew’s inaugural package in 1980.

How a Minor League Pitcher Turned a Dugout Conversation Into the Legend That Is Big League Chew

The inventor, who baked the first batch of the iconic gum 40 years ago, talks about the genesis of an American rite of passage.

The Myth of the Welfare Queen

The right turned Linda Taylor into a bogeyman. But her real life was much more complicated.

How USDA Distorted Data to Conceal Decades of Discrimination Against Black Farmers

An investigation found that USDA promoted misleading historical data which ultimately cost black farmers land, money, and agency.
A broken key with a fist

The Road Not Taken

The shuttering of the GM works in Lordstown will also bury a lost chapter in the fight for workers’ control.

The Square Deal

Some people called it "Welfare Capitalism." George F. Johnson called it "The Square Deal."
Label for Venere brand lemons, featuring a woman wearing lemon flowers in her hair and picking the fruit.

How Sicilian Merchants in New Orleans Reinvented America’s Diet

In the 1830s, they brought lemons, commercial dynamism, and a willingness to fight elites.
partner

Why The Racial Wealth Gap Persists, More Than 150 Years After Emancipation

When one system of economic oppression collapsed, new ones were created to fill the void.
Lithograph of Black wet nurse nursing a white baby.

George Washington’s Midwives

The economics of childbirth under slavery.
Workers with a steam plough on a sugar plantation in Puerto Rico.

How Wall Street Colonized the Caribbean

The expansion of banks like Citigroup into Cuba, Haiti, and beyond reveal a story of capitalism built on blood, labor, and race.

‘The Lehman Trilogy’ and Wall Street’s Debt to Slavery

If the play holds up a mirror to our moment, it is by registering slavery in a peripheral glance only to look away.
Horses with ribbons and a man counting his gambling winnings.

History’s Greatest Horse Racing Cheat and His Incredible Painting Trick

In the sport’s post-Depression heyday, one audacious grifter beat the odds with an elaborate scam: disguising fast horses to look like slow ones.

Full Metal Racket

A history sheds light on venture capital’s ties to the military-industrial complex.